Remove Guesswork from Reinsurance Price Adjustments

The power and flexibility of sophisticated ceded reinsurance vendor systems quickly determine probable results

By Craig Robinson | Updated on March 28, 2014

The many benefits of ceded reinsurance software systems with robust calculation engines—increased productivity, improved accuracy, enhanced profitability, steadfast audit and SOX compliance, improved operational control and flexibility—are well known. However, one important benefit is usually overlooked: automated “what-if” scenarios that take the guesswork out of renewal pricing for reinsurance contracts.

What-if analysis using robust calculation engines has been around since the late 1990s—so what’s new? Well, nothing. It does not require automated calculation engines and it can be done manually, if you have an expert on staff with a week or two to spare.

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